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News: PNC Pioneer Credit Says Co Entered Standstill Agreement

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    Sept 24 (Reuters) - Pioneer Credit Ltd (PNC) :

    • ENTERED INTO A STANDSTILL AGREEMENT WITH COMMONWEALTH BANK OF AUSTRALIA TRADING AS BANKWEST AND WESTPAC BANKING CORPORATION
    • AGREEMENT PROVIDES SENIOR FINANCIERS WILL NOT TAKE ACTION IN RELATION TO EXISTING DEFAULTS FOR STANDSTILL PERIOD, AMONG OTHER THINGS
 
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